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Filing year 2023

CFA INSTITUTE

Charlottesville, Virginia·EIN 54-1386480·501(c)(6)
Total revenue
$462.9M
Total assets
$912.9M
Total expenses
$298.4M
Reported officers
30
Mission

SEE STATEMENT O

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 19 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Pres & CEO & Resrch Fdn Bd Mem
Above 90th percentile
$1.5M
$1.6M
Base
$703k
Bonus
$694k
Other
$16k
Benefits
$3k
Managing Director
Former Officer/director/trustee
Above 90th percentile
$739k
$807k
Base
$289k
Bonus
$132k
Other
$263k
Benefits
$9k
Managing Director
Key Employee
Above 90th percentile
$652k
$712k
Base
$342k
Bonus
$241k
Other
$20k
Benefits
$9k
Chief Financial Officer
Above 90th percentile
$650k
$710k
Base
$339k
Bonus
$241k
Other
$3k
Benefits
$27k
Managing Director
Key Employee
Above 90th percentile
$634k
$693k
Base
$353k
Bonus
$219k
Other
$5k
Benefits
$18k
Managing Director
Key Employee
Above 90th percentile
$605k
$660k
Base
$353k
Bonus
$184k
Other
$11k
Benefits
$18k
Managing Director
Key Employee
Above 90th percentile
$604k
$660k
Base
$312k
Bonus
$222k
Other
$4k
Benefits
$27k
Senior Head Adv
Former Officer/director/trustee
Above 90th percentile
$575k
$628k
Base
$165k
Bonus
$111k
Other
$281k
Benefits
Managing Director
Key Employee
Above 90th percentile
$564k
$616k
Base
$334k
Bonus
$192k
Other
$35k
Benefits
$3k
Managing Director
Highest Compensated Employee
Above 90th percentile
$561k
$613k
Base
$163k
Bonus
$171k
Other
$182k
Benefits
$5k
Managing Director
Key Employee
Above 90th percentile
$539k
$588k
Base
$303k
Bonus
$175k
Other
$3k
Benefits
$18k
Chief Technology Officer
Highest Compensated Employee
Above 90th percentile
$471k
$515k
Base
$301k
Bonus
$100k
Other
$12k
Benefits
$19k
Senior Head, Fin. Rpt Policy
Highest Compensated Employee
Above 90th percentile
$461k
$504k
Base
$304k
Bonus
$93k
Other
$5k
Benefits
$19k
Senior Head, Strategy & Plan.
Highest Compensated Employee
Above 90th percentile
$457k
$499k
Base
$291k
Bonus
$99k
Other
$3k
Benefits
$24k
Senior Head, Codes and Stand.
Former Officer/director/trustee
Above 90th percentile
$454k
$496k
Base
$302k
Bonus
$96k
Other
$9k
Benefits
$8k
Chief of Staff
Highest Compensated Employee
Above 90th percentile
$437k
$477k
Base
$277k
Bonus
$96k
Other
$7k
Benefits
$18k
Corporate Secretary
Secretary (Operational)
Above 90th percentile
$279k
$305k
Base
$177k
Bonus
$46k
Other
$3k
Benefits
$25k
Board Member
25th percentile to median
$8k
$9k
Board Member
25th percentile to median
$8k
$8k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 11 unpaid individuals.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 12%
from 2022

From $1.3M in 2022 to $1.5M in 2023.

$1.3M
2022
$1.5M
2023
In today's dollarsEst.
Up 7% in real terms$1.5M to $1.6M

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 12% from 2022 to 2023, while revenue rose 28%.

$1.3M in 2022 to $1.5M in 2023.
  • Former Officer/director/trustee pay rose 24% from 2022 to 2023.
  • Key Employee pay rose 4% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

CFA INSTITUTE reported revenue and expenses across 2 filing years.

RevenueExpenses
$360.3M
$272M
2022
$462.9M
$298.4M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about CFA INSTITUTE

What does the Chief Executive Officer of CFA INSTITUTE earn?

In 2023, the Chief Executive Officer of CFA INSTITUTE received $1,456,005 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at CFA INSTITUTE compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at CFA INSTITUTE falls in the top 10%.

What are CFA INSTITUTE's revenue and expenses?

In 2023, CFA INSTITUTE reported $462.9M in total revenue and $298.4M in total expenses on its IRS Form 990.

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